maybe we can joint venture on this..?

Im Playing ball now so in a few years i can stop and start a new venture with the funds to do so.I'm looking for a good mentor to help me learn about the business, and eventually go into business with me and build a investment team for a company.

Good luck in your ventures and I will be happy to help any way I can along the way.

There is a ton of info on the BP forums about owner financing; maybe try a joint venture option too (although I am not real familiar with those).

And would you venture out and do a deal for $200 in positive cash flow a month?

Basically,his contribution to this joint venture will be nothing but putting up all funds needed from start to finish and we split total profits 50/50 at close when sold.

Again, welcome Peter and much success in your RE ventures!

I was thinking HML due to maybe using that $$ short term to buy another property and turn it quickly.I have a lender that will not require 6 month seasoning and will do 65% LTV, but I could also do conventional and do 70% if I am willing to wait 6 months.I guess I am anxious to get going on the next venture and was looking for other ways to maximize this seed $$, if that makes sense?

What we really desire is for each of the 4 principals in the development venture to be able to find both accredited and non-accredited investors and have them invest in our projects.

Wealthy individuals with an interest in a venture along these lines are not interested in lending their money for 5-10 years at 7%.